According to PPcoin, they cannot be merged mined. PPCoin is mined in the same way as Bitcoin. However merged mining is not available at the moment due to the differences in the block chains. It can be made possible if the block chain would be altered but if this is done, PPCoin is no different from Bitcoin. PPC would most likely be discarded by the community if the merged mining would start.
|
|
|
|
|
The future of Bitcoin mining is with ASICs. In the foreseeable future we will see advancements in ASICs with smaller semiconductor manufacturing processes, more heat and power efficiency per hash/s.
My question is; what will happen to all the old current ASICs which will eventually made redundant? The way I see it, owners will have a few choices:
1) Sell them, for very little resale value.
2) Leave them in corner of loft collecting dust.
3) Maybe use them for some SHA256 password cracking.
4) Point the hashing power at another SHA256 coin with lower difficulty.
My prediction is number 4, point the ASIC at another coin with lower difficulty.
But which one? Could this be a good investment now, before it happens?
|
|
|
|
I expect the value of litecoin to rise and a lot more activity in the altcoins as more and more of these are pumped out and GPU miners flock away from BTC
These projects can only survive if they have a broad support base and rewards are distributed. BTC will die and LTC will rise to take its place Until LTC difficulty rises too much and everyone moves onto something else. |
|
|
|
As for buying 300Mhs for 2 BTC.....FACEPALM  They are going for more than that. There's going to be some serious butthurt people around, left scratching their head what went wrong. Mining with them in a few months will be pointless. My prediction is they will start pointing them at another SHA256 coin(s). Question is what ones? (And take advantage of it now.) |
|
|
|
No don't have one of those. Most have their covers left on from pictures I've seen. Not worth buying one, their hash rate is low and currently massively overpriced.
If you can get cheap energy then they can still have a great return. Their electricity consumption is tiny, it's irrelevant. Whats important is Bitcoins difficulty which is set to jump to 19 million today. These things won't mine jack. |
|
|
|
Plenty on ebay.
Just seen ones selling for an eye-watering £275 GBP on eBay.  Even if it was £50, I'd have my doubts it would mine out that amount to pay for itself. |
|
|
|
Buy ONE USB Block Erupter to help keep the network distributed and secure, use the rest of your funds to buy bitcoin.
It's only distributed if you mine using p2pool. Anyway, those USB sticks are slow and massively overpriced. |
|
|
|
|
Those that think mining is the main part of bitcoin are missing the larger picture.
|
|
|
|
|
No don't have one of those. Most have their covers left on from pictures I've seen. Not worth buying one, their hash rate is low and currently massively overpriced.
|
|
|
|
be careful and don't burn your house down
Don't worry. It is perfectly fine with 100% air conditioning. Err, I think he was talking about overloading your power supply lines. Air conditioning will not stop overloaded conductors from getting dangerously hot and melting insulators. (In fact the extra load will make matters worse.) |
|
|
|
Exactly ms.escrow you have my information so why would I try to scam someone... sounds like a majority is trying to get something for nothing and that is not how I play. I am willing to give my info because I am legit.
Might take you a little more serious if you show us and sign a message with your 20 BTC on the blockchain.
Still waiting.... |
|
|
|
|
You can still send micro-transactions even with the default 0.8.2 options, albeit at greater trouble and required trust.
Spammer Alice wants to send user Bob a pointless 0.00000020 BTC.
Alice sends Bob 1.00000000 BTC and then after confirmations, Bob sends back Alice 0.99999980.
Everyones happy.
Well, that's all sorted we can now flag this thread as resolved and locked.
|
|
|
|
|
Might take you a little more serious if you show us and sign a message with your 20 BTC on the blockchain.
|
|
|
|
I find it interesting that most of the loud voices are big into litecoin when litecoin's current anti-dust relay/mining policy is far more aggressive than anything proposed for Bitcoin. The reality is Bitcoin & Litecoin are not designed for micro-transactions. 99.99% of Litecoin code is identical to Bitcoins. Bitcoins problems are also Litecoins. |
|
|
|
Really Big risk Possible great return: Bitcoin testnet Makes sense as an alt but not getting adopted unknown difficulty but it is low ( flame if you want )
This is a joke I assume. No It actually makes sense.Things that are too risky with the high value market of bitcoin could be implemented in tesnet first If It doesnt work out bitcoin is not affected. If it does testnet could become it's own alt or the features couls simply be added to the bitcoin protocol. There are a few members supporting it. Including Crazy_Rabbit who spoke at the bitcoin conference. Along side the devs from Freicoin, Litcoin and Opencoin's CEO He was there representing Terracoin of couse He never mentioned testnet. All I am saying with this is it really does make sense. It's not a bunch of newbies racking in testnet coins. It's established members of the community that know some things are just too risky but could benefit bitcoin tremendously. Do you need a new alt for this no Go with the established security of the bitcoin code Problem is if testnet have momentary value, they are then useless for testing. Which defeats the object. |
|
|
|
Really Big risk Possible great return: Bitcoin testnet Makes sense as an alt but not getting adopted unknown difficulty but it is low ( flame if you want )
This is a joke I assume. |
|
|
|
It just strikes me that if there is a market demand for "dust" transactions, people will figure out how to do it.
I got a strong feeling people believed that one day 1 Satoshi would be worth 1 cent/penny each. Tapping away on their calculators how many millions of Satoshi's they have and how much they will be worth when that price was reached. Of course to reach that price micro-transactions would have to be the norm. Now that the reality of the situation has emerged that Bitcoin just isn't designed for micro-transactions that dream is rapidly fading away fast. I think this is where the demand for "dust" transactions stems from. |
|
|
|
I am trying to talk to them and get them to join, but their greedy eyes are wider. I am also thinking of taking $500,000 of my own money and investing in ASIC miners and doing mining myself. I am stilling thinking about that option cause $500,000 would make a tough year for me, but I am so passionate about the community I would do it.
So what happens when your miner get flooded with micro-transactions and it can't cope? |
|
|
|
|
Show Posts
